2 Flat 1724 Fletcher Lake View Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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2 Flat 1724 Fletcher Lake View Chicago IL Mu Inve

City: Chicago ZIP: 60657

Built In: 1894

Lot Size: A

Lot Dimensions: 25 X 125

Lot Description: D,H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1800

Unit 2 Floor 2: 2 bedrooms 2 baths $0

Detailed Listing Description

Bring your ideas to this 2 unit building with owners duplex in Burley School district. Use it as an investment or live in the duplex while collecting rent. 1st floor features nice 2BR/1BA rental with enclosed back porch and deck. Unit has in-unit laundry and easy street parking current rented at $1,750/month. The owners unit is the 2nd and 3rd floors and also has a rear deck. Great floorplan awaits your ideas for update. The building has a new roof and furnace. Detached 2 car garage with easy walk to CTA Brown Line & Belmont bus. Whole Food is 2 blocks away. Great block with higher end homes on an extra wide street.

Additional Property Details

Garage & Parking
  • Gargage DetailsA,F
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D,F,G,H
Appliances
  • Appliances Unit 1A,B,C,D,E,F,G,I,P,S
  • Appliances Unit 2A,B,C,D,E,F,G,L,N,P,T,U
Schools
  • Grade SchoolBurley Elementary School
  • Grade School District299
  • Jr High/Middle SchoolBurley Elementary School
  • Jr High/Middle School District299
  • High SchoolLake View High School
  • High School District299

Comparative Data

Zip Code Comparison: 60657

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727
This listing is 10% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lake View

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786
This listing is 11% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $21,600 Monthly $1,800
Rental Income Stabilized : Annual $53,076 Monthly $4,423
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$785,0002$392,5000.01%36.340.56%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,800$4,423
Year Total$21,600$53,076
Expense
Total$21,527$21,527
Net Operating Income$73$31,549
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9498 $26300 $35798 $2984
Total         $9,498 $26,300 $35,798   $-35,725 $9,498 $-26,227
Stabilized         $9,498 $26,300 $35,798   $-4,249 $9,498 $5,249
Custom         $9498 $26300 $35798   $-4249 $9498 $5249




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1588,7502,9847762,2087762,2082,984
2587,9742,9847792,2051,5554,4135,968
3587,1952,9847822,2022,3376,6158,952
4586,4132,9847852,1993,1228,81411,936
5585,6282,9847882,1963,91011,01014,920
6584,8402,9847912,1934,70113,20317,904
7584,0492,9847942,1905,49515,39320,888
8583,2552,9847972,1876,29217,58023,872
9582,4582,9848002,1847,09119,76526,856
10581,6592,9848032,1817,89421,94629,840
11580,8562,9848062,1788,70024,12432,824
12580,0502,9848092,1759,50926,29935,808
13579,2412,9848122,17210,32128,47138,792

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Listing Agent: Ken Jungwirth
Listing Office: @properties
548 W. Webster Avenue Chicago

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